The deposit creation formula can be defined as
a. one minus the required reserve ratio.
b. the same as the GDP income multiplier.
c. the reciprocal of the required reserve ratio.
d. one plus the required reserve ratio.
c
Economics
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The argument that with initial protection an industry will eventually become competitive is called the
A) national security argument. B) strategic bargaining argument. C) the trade adjustment assistance argument. D) infant industry argument.
Economics
Milton Friedman and Edmund Phelps ______ of the Phillips curve.
a. questioned the short-term validity b. questioned the long-term validity c. proved the basic principle d. created the general concept
Economics